Retirement System; optional increase for local employees. (HB960)

Introduced By

Del. Steve Shannon (D-Vienna)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Retirement System; optional increase for political subdivisions. Permits any locality that participates in the Virginia Retirement System to increase the retirement allowance for its employees from 1.70 percent of their average final compensation multiplied by the amount of their creditable service to 1.85 percent of their average final compensation multiplied by the amount of their creditable service. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2008Committee
01/08/2008Prefiled and ordered printed; offered 01/09/08 086239724
01/08/2008Referred to Committee on Appropriations
01/15/2008Assigned App. sub: Compensation and Retirement (Jones, S.C.)
01/22/2008Impact statement from VRS (HB960)
02/12/2008Left in Appropriations

Comments

VA A., tracking this bill in Photosynthesis, notes:

VEA Supported